Plans » Benchmarking Engine
Benchmarking Butterball Farms, Inc. 401(K) Plan in Grand Rapids, MI against
good (7)
Butterball Farms, Inc. 401(K) Plan in Grand Rapids, MI has the 10th-highest average account balance ($46,180) of the 73 plans in Grand Rapids, MI. That $46,180 compares to an average of $24,996 across those 73 plans.
Beating the average of $24,996 means an extra $2,457,295 in total assets.
Note: average account balance = total assets ÷ total participants
Butterball Farms, Inc. 401(K) Plan has these standings among those 73 peer plans:
Beating the average of $24,996 means an extra $2,457,295 in total assets.
Note: average account balance = total assets ÷ total participants
Butterball Farms, Inc. 401(K) Plan has these standings among those 73 peer plans:
- average account balance = $46,180 (10th-highest)
- total assets = $5,356,894 (28th-most)
- total participants = 116 (3rd-fewest)
- average account balance. Higher values are better. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f of Form 5500. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- in city. Values were kept only if they occurred at least 20 times. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
Butterball Farms, Inc. 401(K) Plan in Grand Rapids, MI is in Grand Rapids, MI, its EIN is 382492895, its industry group is Dairy Product Manufacturing, its plan administrator is Christina Vinson, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, is a single-employer plan, its business code is 311500, has 100 to 499 total participants, is better than the overall participant averages in each of average account balance, active-participant contributions per head, and employer contributions per active participant, and is higher than the overall administrative medians in each of contract administrator fees, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- total assets at beginning of plan year ($6,397,558)
- net assets (assets minus liabilities) ($5.40M)
- total assets ($5,356,894)
- value of interest in common/collective trusts ($2,491,872)
- value of interest in pooled separate accounts ($1,744,478)
- total expenses ($806,903)
- total contributions ($687,287)
- value of interest in registered investment companies (e.g., mutual funds) ($670K)
- cash contributions from participants ($433,054)
- value of funds held in insurance company general account (unallocated contracts) ($369,918)
- cash contributions from employers ($198,466)
- participant loans ($56,191)
- average account balance ($46,180)
- contract administrator fees ($29,165)
- total administrative expenses ($29,165)
- receivables participant contributions ($13,655)
- average employer+participant cash contribution per active participant ($6,444)
- receivables employer contributions ($5,899)
- average participant cash contribution per active participant ($4,419)
- average employer cash contribution per active participant ($2,025)
- total administrative expense per participant ($251.42)
- total noninterest-bearing cash ($0)
- other receivables (not employer nor participant contributions) ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- corrective distributions ($0)
- professional fees ($0)
- investment advisory and management fees ($0)
- other administrative expenses ($0)
- asset transfers to the plan ($0)
- asset transfers from the plan ($0)
- net income per total participant (-$8,971)
- total income (-$233,761)
- earnings on investments (-$921,048)
- net earnings on investments (-$921,048)
- net income (-$1,040,664)
- percentage of active participants (84.5%)
- diversity of asset types (38.9%)
- participant loans as a percentage of plan assets (1.05%)
- total administrative expense ratio (0.540%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- yield on beginning-of-plan-year total assets (-14.40%)
- growth in total assets during the plan year (-16.3%)
- active participants (98)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (116)
- other retired or separated participants entitled to future benefits (18)
- retired or separated participants receiving benefits (0)
- total participants (116)
Global References